Vemanti Group Announces Investment In TrustPay, A Blockchain-Focused Fintech Company

Vemanti Group Announces Investment In TrustPay, A Blockchain-Focused Fintech
Company

NEWPORT BEACH, Calif., Jan. 30, 2018 (GLOBE NEWSWIRE) -- Vemanti Group, Inc.
(OTC PINK:VMNT), a technology-driven holding company, today announced that it
has entered into an agreement to take 19.6% interest in TrustPay USA, Inc.
(“TrustPay”),  an innovative blockchain-focused FinTech company.

TrustPay is the parent company of TrustPay, JSC, a B2B, B2C, and P2P financial
services, merchant services aggregator, and mobile payment company with
operations based in Ho Chi Minh City, Vietnam. In partnership with 22 leading
national banks, the company develops and markets several software and hardware
payments products, including mobile apps, digital gateways, cloud-based POS,
QR readers, virtual prepaid VISA cards, and NFC/HCE applications. In the last
5 years, it has focused product development efforts on 2 key blockchain-based
financial applications: an AI-driven digital banking platform and a
cryptocurrency trading exchange, TrustDex (www.trustdex.io).

The investment agreement follows a successful pilot program of TrustDex in
early December 2017 managed by TrustPay and the Company, offering consumers
based in the countries of South East Asia improved access to online
cryptocurrency trading. The pilot program attracted more than 10,000 trades
per day within 3 weeks. As part of the deal, the Company and TrustPay agree on
a partnership to expand global and US market presence for TrustDex and to
bring innovative digital currency-based financial services to underbanked
markets around the world. TrustPay is working on an API integration to
Coinbase (www.coinbase.com), one of the world’s biggest exchanges, for
Bitcoin, Bitcoin Cash, Litecoin, and Ethereum transactions. It’s also looking
to launch its Banking-as-a-Service (BaaS) offering and deliver its unique AI
and machine-learning technology to 500,000-strong network of merchants and
users.

"Our goal is to build up assets and valuation. Obviously, we are very pleased
to add this FinTech investment to our portfolio. With a target regional market
of over 640 million people and 2.6 trillion in GDP to start, we expect
TrustDex alone to have tremendous financial achievements this year. And with
an experienced blockchain engineering team already on-board, we’ll also be
able to help accelerate TrustPay’s product launch roadmap for their digital
banking platform," stated Tan Tran, CEO of Vemanti Group.

"We’re excited to welcome Vemanti into TrustPay," explains Eric Vuong,
Chairman and CEO for TrustPay. "We don’t take on a new investor unless we feel
that they also bring a positive impact to our business. Just in a few months
of working together, we have come to greatly appreciate the astute approach to
business by Vemanti. They are the right investor and partner for the next
phase of our growth. The global opportunity within the blockchain-based
financial sector broadly has far more potential than we can practically
execute ourselves. With Vemanti, we now have the partnership we want and need
to scale."

As part of the agreement, the Company will execute an equity exchange for
19.6% percent interest in TrustPay initially with options to increase its
stake later. Once finalized, details of the transaction will be included the
Company’s filings.

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTC PINK:VMNT) is a technology-driven holding company
that seeks to be active in high-growth and emerging markets. Our core
strengths are in technology development and investment. We plan to grow
through acquisition and investment in disruptive and foundational technologies
by targeting early-stage businesses that have market viable products or by
starting a new subsidiary of our own. Strategically, we focus mainly on
early-stage Fintech and E-commerce companies based on blockchain technology. 
For more information, please follow: http://www.vemanti.com

About TrustPay USA, Inc.

TrustPay USA, Inc. is the parent company of TrustPay, JSC (www.trustpay.vn), a
B2B, B2C, and P2P financial services, merchant services aggregator, and mobile
payment company with operations based in Ho Chi Minh City, Vietnam which
started in 2009. TrustPay, JSC also owns TrustCard (www.trustcard.vn), a
digital prepaid VISA/MasterCard card issuer, TrustWorld (www.trustworld.vn), a
digital loyalty and group-buying platform, and TrustShop (www.trustshop.vn),
an online e-commerce platform. It also has holdings in various fintech
startups in Vietnam and with office locations in the UK, Singapore, and
Cambodia. In partnership with 22 national banks, the company markets several
software and hardware payments products. It’s currently focusing on blockchain
and cryptocurrency applications.

Legal Disclaimer

This release contains forward-looking statements within the meaning of Section
27a of the Securities Act of 1933, as amended and section 21e of the
Securities and Exchange Act of 1934, as amended. Those statements include the
intent, belief or current expectations of the company and its management team.
Forward-looking statements are projections of events, revenues, income, future
economics, research, development, reformulation, product performance or
management's plans and objectives for future operations. Some or all of the
events or results anticipated by these forward-looking statements may not
occur. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors.
Accomplishing the strategy described herein is significantly dependent upon
numerous factors, many that are not in management's control.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

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